It won't take much -- one spending spree, one payroll surging north of $200 million -- to dispel any notions of baseball's improving financial stability.
Meanwhile, nonfarm payrolls surged 378,000 in December, nearly double the rate of what the market had expected.
Based on income tax withholdings data, the wages of all U.S. workers on payrolls surged 9.6% year-over-year since the day after the Fed cut the discount rate (Monday, Aug. 20, through Thursday, Sept. 6).
Construction payrolls surged 58,000, the biggest gain since March 2007, boosted by warmer weather.
The payroll has surged as the team started its own television network, SportsNet New York, which broadcasts Mets games.
After losing eight million jobs since the recession began in December 2007, payrolls finally surged in March, the Labor Department reported on Friday.
U.S. October Payrolls Surge In Third Straight Rise.
The Nets' payroll next season will surge to a league-high $101 million, triggering a league-record luxury tax bill of about $82 million.
U.S. employment surged for a second straight month during April, adding another 288,000 to payrolls, as jobs were created in nearly every sector at a pace that handily outstripped expectations, a Labor Department report on Friday said.
Indeed, after the Persian Gulf war in 1991, consumer confidence surged for a while but soon fell again because corporations continued to trim payrolls.
